Share Tweet Share Share Share Print Email Snap, the parent company and creator of disappearing messaging app Snapchat, is laying off around 100 employees in order to focus on advertising. According to news from Bloomberg, citing people familiar with the matter, the additional layoffs represent the last step of the companys restructuring process, which kicked off in the…
Snap is laying off about 100 people, primarily from the companys sales side. Its the third round of layoffs for Snap since the beginning of the year; the company also restructured its content teams in January and laid off around 120 engineers earlier this month. Imran Khan, the companys chief strategy officer and the head…
ZAGREB, March 29, 2018 – The government on Thursday gave the go-ahead to Croatian road companies to borrow 1.8 billion euros from banks with state guarantees, announcing the further restructuring of the road sector. Addressing a cabinet meeting, Prime Minister Andrej Plenkovi said that the sector’s debt in the amount of 1.275 billion euros had…
Componenta Corporation Stock Exchange Release on 29 March 2018 at 8.00 The information presented in this financial statement release relates to the continued operations of Componenta Group in the January December period in 2017 and in the corresponding period in 2016, unless otherwise stated. Continued operations in the review period were the foundry operations in Pori and Karkkila,…
Its been another volatile trading day with investors adopting a cautious approach in contrast to yesterdays strong rebound. Europe The focus continues to be on the US tech story and this is weighing on any attempt to push higher for European stocks, which have remained under pressure albeit above their recent lows. The FTSE 100…
SEOUL (Reuters) – South Koreas auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the countrys powerful family-controlled conglomerates or chaebol. A Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang, South Korea, February 11, 2018. REUTERS/Kim Hong-Ji…
A Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang Thomson Reuters By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the country’s powerful family-controlled conglomerates or…
By Hyunjoo Jin and Joyce Lee Hyundai group to streamline ownership structure in reform push SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the country’s powerful family-controlled conglomerates or chaebol. Hyundai Mobis Co Ltd <012330.KS>,…
28 March 2018 Bonnier Publishing has announced it is restructuring its business in Australia, with the majority of staff at Bonnier Publishing Australia to enter into redundancy consultation. In a statement released on 27 March, Bonnier Publishing, the publishing arm of Swedish media company Bonnier Group, said the restructure is in response to changing market…
CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company today obtained approval from the U.S. Bankruptcy Court for the Southern District of New York (the Court) of the companys plan of reorganization (the Plan). The Courts approval of the Plan is a significant milestone in the companys strategic restructuring, which involves its previously announced sale to Brookfield Business…